TransDigm Group (NYSE:TDG) Price Target Raised to $1,580.00

TransDigm Group (NYSE:TDG) had its price target boosted by Wells Fargo & Company from $1,500.00 to $1,580.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the aerospace company’s stock.

TDG has been the topic of a number of other research reports. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Barclays reiterated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,477.18.

TransDigm Group Stock Performance

NYSE TDG opened at $1,383.41 on Tuesday. The stock has a market capitalization of $77.59 billion, a price-to-earnings ratio of 48.80, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The stock’s 50 day moving average price is $1,342.45 and its two-hundred day moving average price is $1,329.07.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $7.16 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that TransDigm Group will post 35.13 EPS for the current year.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the transaction, the director now owns 15,539 shares in the company, valued at $20,545,510.41. This trade represents a 19.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,594 shares of company stock valued at $165,646,468. 4.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Prospera Financial Services Inc bought a new position in TransDigm Group in the 3rd quarter valued at about $207,000. Cerity Partners LLC boosted its position in shares of TransDigm Group by 39.1% during the 3rd quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock worth $10,373,000 after acquiring an additional 2,043 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in TransDigm Group by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock valued at $9,901,000 after acquiring an additional 888 shares during the last quarter. DRW Securities LLC acquired a new position in TransDigm Group during the third quarter valued at approximately $701,000. Finally, Dai ichi Life Insurance Company Ltd lifted its stake in TransDigm Group by 18.2% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 10,605 shares of the aerospace company’s stock worth $15,135,000 after purchasing an additional 1,631 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.